Cabinet seeks ways to stabilise pork price

Speaking at a meeting of the permanent Cabinet members in Hanoi, the leader pointed out the adverse impact of pork price hike on people’s daily lives as well as the consumer price index (CPI).

He asked the Ministries of Agriculture and Rural Development, and Industry and Trade to take drastic measures in order to reduce live pig price to below VND60,000 (US$2.26) per kg.

The leader suggested stepping up the restoration of pig herds and offering tax and bank loan incentives to businesses and households in order to increase the supply of the meat.

He also urged the Ministry of Agriculture and Rural Development to push ahead with pork processing, and control export.

According to the General Statistics Office, live pig price ranges from VND72,000-85,000 per kg in the domestic market.

The price hike was due to the impact of the African swine fever, avian influenza and COVID-19.